Where gold stands a year after hitting a record-high price

MarketWatch/Myra P. Saefong

Repost from 8-3-2021

bar chart showing growth in bar and coin demand from World Gold CouncilGraphic illustration courtesy of World Gold Council • • • Click to enlarge

“The pullback in gold is a ‘healthy consolidation,’ with the market digesting the effects of those monetary policies and potential follow-on policy adjustments, [Wilshire Phoenix’s William] Cai says. Inflation, meanwhile, looks to be the major factor that will continue to support gold prices in the medium term, he says.”

USAGOLD note: A catch-up, recent history article for those who are thinking about buying gold for the first time. The first half of the year has not been the best of times for gold, but it hasn’t been the worst of times either. Though the price has been stable to down somewhat demand for physical gold and bullion is running high.

 

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